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SHARE-BASED COMPENSATION
9 Months Ended
Sep. 30, 2012
SHARE-BASED COMPENSATION  
SHARE-BASED COMPENSATION

NOTE F — SHARE-BASED COMPENSATION

 

The Company accounts for share-based compensation awards and for unvested awards outstanding using the modified prospective application method.  Accordingly, we recognized the fair value of the share-based compensation awards as wages in the Consolidated Statements of Earnings on a straight-line basis over the vesting period.  We have recognized compensation expense, relative to share-based awards, in wages in the Consolidated Statements of Earnings of approximately $194,000 and $107,000, or approximately $0.01 per share, for the three months ended September 30, 2012, and 2011, respectively, and approximately $381,000 and $334,000, or approximately $0.02 per share, for the nine months ended September 30, 2012, and 2011, respectively.

 

As of September 30, 2012, there was approximately $1,309,000 of unrecognized compensation expense related to our two share-based compensation plans which the Company expects to recognize over a period of three years.